CSX postpones investor conference amid leadership shakeup
CSX Corp., the third-largest U.S. railroad operator, said on Wednesday it was postponing an Oct. 30 investor conference to a later date, and said its board approved a $1.5 billion share buyback program. CSX’s decision came hours after it announced the appointment of Jim Foote as its new chief operating officer. CSX has been undergoing a major overhaul under new Chief Executive Hunter Harrison. (Reuters)